MELBOURNE, Australia, Jan. 7, 2025 /PRNewswire/ -- The Aston Martin Aramco Formula One® Team has started the year with its first exciting partner announcement of 2025. Pepperstone, a global leader in online trading, is welcomed to the team as Global Forex and Trading Partner in a dynamic multi-year collaboration.
Pepperstone, a global leader in online trading and well renowned for its commitment to premium client service, shares aligned values with the Aston Martin Aramco Formula One® Team. Both organisations are united by a core belief in betterment – striving to continually improve, break boundaries, and perform at the highest level in their respective arenas.
As global financial markets and Formula One both experience significant growth, this partnership highlights the shared ambition to be better every day. For Pepperstone, that means empowering traders in over 160 countries with powerful platforms, advanced tools and exceptional client service. For Aston Martin Aramco, it's about competing at the pinnacle of motorsport with relentless determination and innovation.
The Pepperstone car branding will debut on the AMR25 when it is launched ahead of the 2025 F1 season.
Jefferson Slack, Managing Director of Commercial, Aston Martin Aramco Formula One® Team, said: "We're delighted to welcome Pepperstone to Aston Martin Aramco and the world of motorsport. This partnership reflects our shared commitment of pushing boundaries and redefining excellence, and we look forward to collaborating with Pepperstone to create unparalleled opportunities and drive impact in key global markets. We believe that together with Pepperstone we are well placed to promote their exceptional services to a global audience in an exciting category."
Tamas Szabo, Group CEO, Pepperstone, said: "Pepperstone and Aston Martin Aramco thrive in high-performance, precision-driven environments where trust, excellence, and relentless innovation are at the core of everything we do. We are thrilled to work together and build a winning partnership that drives success both on and off the track, and we can't wait to celebrate this at the Australian Grand Prix in Melbourne, the first of the season and our home race."
About Pepperstone:
Established in 2010, Pepperstone has grown to become an award-winning online global forex and CFD broker known for delivering exceptional client service and withdrawals to tens of thousands of clients around the world. Pepperstone has subsidiaries across the globe and is regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySec), the Securities Commission of The Bahamas (SCB), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin) and The Capital Markets Authority of Kenya (CMA). The Pepperstone Group of Companies have clients in over 160 countries.
For more information, please visit www.pepperstone.com or contact media@pepperstone.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ASTON MARTIN ARAMCO FORMULA ONE® TEAM ANNOUNCE PEPPERSTONE AS OFFICAL TRADING PARTNER
Comprehensive Payment Solutions are Set to Launch
SINGAPORE, Jan. 8, 2025 /PRNewswire/ -- XTransfer, the World's Leading & China's No.1 B2B Cross-Border Trade Payment Platform, was granted the Major Payment Institution (MPI) License under the Payment Services Act 2019 by the Monetary Authority of Singapore (MAS). This significant milestone strengthens XTransfer's leading position in the B2B cross-border payments industry. The license was officially issued on January 1, 2025, by MAS.
With the MPI license, XTransfer is able to provide services including account issuance, domestic money transfer, cross-border money transfer, and e-money issuance, addressing the increasing demand for secure and convenient cross-border payment solutions in the region. The comprehensive payment solutions are expected to be launched soon in Singapore. The services include easy account setup, flexible top-up options, efficient currency exchange services, and simplified cross-border fund collection and payment solutions designed specifically for small and medium-sized enterprises (SMEs) involved in international trade in Singapore.
Founded in 2017, XTransfer is dedicated to using technology to bridge large financial institutions and SMEs worldwide, providing them with secure, compliant, fast, convenient and low-cost cross-border trade payment & fund collection solutions. With more than 550,000 enterprise clients, XTransfer has become the industry leader in China. After XTransfer's global expansion, our All-in-one business account covers 15+ currencies and 200+ countries/regions, it is now utilised by trading companies around the world. When both buyers and sellers have XTransfer accounts, they can achieve secure and compliant payment settlements 24/7, potentially saving up to 95% on remittance fees and 80% on currency conversion costs. This enables uninterrupted fund circulation throughout the entire trade process.
In recent years, trade exchanges between China and ASEAN have become increasingly close. XTransfer aims to address this growth in international trade by SMEs and help them capture opportunities in trade and capital flow between China and ASEAN. XTransfer not only aims to enhance trade facilitation between SMEs in China and Singapore but also seeks to streamline foreign trade transactions between Singaporean companies and their global partners.
"Receiving this license from the Monetary Authority of Singapore marks a significant milestone for XTransfer as we expand our services throughout Southeast Asia. This achievement underscores our commitment to upholding the highest standards of regulatory compliance and reinforces our dedication to providing secure, compliant, convenient, and fast cross-border payment services," said Bill Deng, Founder and CEO of XTransfer. "With the license, we aim to leverage Singapore's prominent position as Southeast Asia's financial hub to strengthen both existing and new partnerships in the region. We remain committed to our goal of helping SMEs efficiently engage in global trade and enhance their competitiveness on a worldwide scale through technology."
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
XTransfer Officially Receives MPI License from the Monetary Authority of Singapore
